Equities analysts expect that QuinStreet Inc (NASDAQ:QNST) will report sales of $123.67 million for the current quarter, according to Zacks. Four analysts have issued estimates for QuinStreet’s earnings, with the highest sales estimate coming in at $129.80 million and the lowest estimate coming in at $118.29 million. QuinStreet posted sales of $112.87 million in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The company is scheduled to report its next earnings results on Tuesday, October 29th.
On average, analysts expect that QuinStreet will report full-year sales of $508.31 million for the current financial year, with estimates ranging from $502.90 million to $514.70 million. For the next year, analysts anticipate that the firm will report sales of $563.98 million, with estimates ranging from $554.70 million to $573.26 million. Zacks’ sales calculations are an average based on a survey of research firms that cover QuinStreet.
QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, August 8th. The technology company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). QuinStreet had a net margin of 13.73% and a return on equity of 6.53%. The business had revenue of $121.96 million for the quarter, compared to analysts’ expectations of $128.92 million. During the same period in the prior year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis.
A number of analysts have commented on QNST shares. Barrington Research reduced their target price on shares of QuinStreet from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday. Zacks Investment Research cut shares of QuinStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 17th. Lake Street Capital started coverage on shares of QuinStreet in a report on Monday, June 24th. They set a “buy” rating and a $21.00 target price for the company. Stephens set a $19.00 target price on shares of QuinStreet and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Northland Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of QuinStreet in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.60.
In other QuinStreet news, CFO Gregory Wong sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $16.17, for a total value of $485,100.00. Following the completion of the transaction, the chief financial officer now directly owns 256,844 shares in the company, valued at $4,153,167.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $16.09, for a total transaction of $522,925.00. Following the completion of the transaction, the chief executive officer now owns 232,500 shares of the company’s stock, valued at $3,740,925. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,000 shares of company stock valued at $1,529,775. Company insiders own 12.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. bought a new position in shares of QuinStreet during the second quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of QuinStreet by 42.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,786 shares of the technology company’s stock worth $37,000 after acquiring an additional 832 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of QuinStreet by 8,798.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the technology company’s stock worth $69,000 after acquiring an additional 4,311 shares during the last quarter. Aperio Group LLC bought a new position in shares of QuinStreet during the second quarter worth $73,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of QuinStreet by 83.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,108 shares of the technology company’s stock worth $81,000 after acquiring an additional 2,322 shares during the last quarter. Institutional investors and hedge funds own 95.38% of the company’s stock.
QNST stock traded up $1.01 during midday trading on Tuesday, reaching $11.55. 1,202,200 shares of the company’s stock traded hands, compared to its average volume of 839,694. QuinStreet has a 52-week low of $10.15 and a 52-week high of $20.02. The stock has a market cap of $528.60 million, a P/E ratio of 9.79, a PEG ratio of 0.75 and a beta of 0.61. The stock’s 50-day moving average is $15.26 and its 200 day moving average is $14.83.
QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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